PotNetwork Holdings, Inc. Files Form 10 To Become SEC Reporting Company
May 10 2019 - 8:00AM
InvestorsHub NewsWire
FT.
LAUDERDALE, FL -- May 10, 2019 -- InvestorsHub NewsWire
-- PotNetwork Holdings, Inc. announced today
that it has filed a Form 10 Registration Statement with the U.S.
Securities and Exchange Commission (SEC) to register its common
stock under the Securities Exchange Act of 1934. The filing
includes audited financial statements for the years ended December
31, 2018 and December 2017. The audit of the financial statements
was completed by Yusufali & Associates, a PCAOB member
firm.
The Company’s
voluntary filing of the Form 10 will make it subject to the
periodic reporting requirements of the Securities Exchange Act of
1934, which requires the filing of annual, quarterly and current
report filings. Additionally, the filing will enable the Company’s
management to move forward with its application to OTC Markets in
order to uplist to the OTCQB market tier.
“By filing Form
10, we are following through on our announcement and signaling to
investors that we plan to focus on our efforts to become more
transparent in our day-to-day operations and reporting” said Kevin
Hagen, CEO of PotNetwork Holdings, Inc. “We believe our company’s
results speak for themselves and, by becoming an SEC reporting
company, we demonstrate our continued commitment to transparency
and communication.”
This
announcement follows the Company’s comprehensive update issued on May 2nd and forms an integral
part of its ongoing effort to improve investor transparency and
communication. POTN has further announced that it will be releasing
a quarterly update summing up the its operational progress and
achievements.
About
PotNetwork Holdings, Inc.: PotNetwork Holdings,
Inc. (POTN) is a publicly traded company
that acts as a holding company for its principal subsidiaries,
First Capital Venture Co., the owner of Diamond CBD, Inc., the
maker of Diamond CBD products, and PotNetwork Media Group, Inc., the
publisher of PotNetwork News and PotNetwork Magazine. For
more information, please visit, www.potnetworkholding.com.
Safe
Harbor: Forward-Looking Statements are included within the
meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Securities Exchange Act of 1934, as amended. All
statements regarding our expected future financial position,
results of operations, cash flows, financing plans, business
strategy, products and services, competitive positions, growth
opportunities, plans and objectives of management for future
operations, including words such as "anticipate," "if," "believe,"
"plan," "estimate," "expect," "intend," "may," "could," "should,"
"will," and similar expressions are forward-looking statements and
involve risks, uncertainties and contingencies, many of which are
beyond our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact: PotNetwork Holdings,
Inc.
1-800-915-3060 investor@PotNetworkHolding.com
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